Then President Gloria Macapagal-Arroyo and her allies used the Philippine Charity Sweepstakes Office (PCSO) as their milking cow, leaving the agency P4 billion in debt, or close to a year’s worth of doles for the poor and the sick.
“They ran it to the ground,” said PCSO Chair Margarita Juico, who recently met with Inquirer editors and reporters.
Juico said the directors appointed by Arroyo to the PCSO board “comingled” the funds for operating expenses with those for charity work, thus allowing the agency to spend more than its budget, especially in the last two years in office of the appointees.
Under its charter, the PCSO is mandated to set aside 55 percent of its revenues (P29.5 billion in 2010) from numbers games, such as lotto, Scratch It, Keno online and sweepstakes for prize money; 30 percent for charity; and 15 percent for operating funds.
Read more at Philippine Daily Inquirer